Association of Real Estate Agents Uganda

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Association of Real Estate Agents Uganda
Official Logo for Area Uganda.jpg
AbbreviationAREA Uganda
Formation2008
TypeReal Estate Association
Location
Region served
Uganda
Membership
270+ (2014)
Official language
English
President
Kongai Shirley
Key people
Vincent Agaba
Founder
Victoria Nannozi
CEO
Julius Sebbale
Board Member
Luzarus Mugabi
Board Member
Sabiti Bagaine
Board Member
Lillian Kaddu
Board Member
Phiona Lwanga
Board Member
Website Homepage

The Association of Real Estate Agents Uganda (AREA Uganda), is an umbrella organization of real estate agents, managers, organizations and other real estate professionals in Uganda, the third-largest economy in the East African Community. [1]

Contents

Overview

It is Uganda's leading professional body for real estate agents. Its members practice across all aspects of property, both in Uganda and abroad. Activities that its members engage in, include residential and commercial sales and leasing, property management, business transfers and auctioneering. Headquartered in Kampala, Uganda's capital and largest city, AREA Uganda is governed by a Board of Directors. The Association continuously accepts new members. [2]

Funding and sponsorship

AREA Uganda receives financial and other support from civil society and corporate organizations, including the following:

  1. International Finance Corporation through Uganda's Primary Mortgage Market Initiative
  2. Private Sector Foundation Uganda
  3. United States Agency for International Development (USAID) through International Real Property Foundation
  4. DFCU Bank
  5. Stanbic Bank (Uganda) Limited
  6. Housing Finance Bank
  7. Akright Projects Limited
  8. Nationwide Properties Limited - A division of the Mukwano Group
  9. Kensington Africa Limited
  10. Uganda Ministry of Lands, Housing and Urban Development.
  11. Property Services Limited

Significant events

Function

Objectives The main objectives of AREA Uganda are to;

Trainings and Courses AREA Uganda is engaged in several trainings which include; mortgage training, valuation training, brokerage management training and Instructors’ training at the East Africa Regional Real Estate Training Center in Nairobi. [6]

The association offers the following courses:

Lobbying and Advocacy The Association is the lobbying arm of the real estate sector in Uganda and does so, on behalf of its members. The body has lobbied on tax issues in Parliament, regulatory environment with the Ministry of Lands, Housing and Urban Development and does make presentations on housing forums representing the real estate industry.

Managing the Ugandan Women Access and Ownership of Land Project This project was designed to increase women's awareness and knowledge of land and property rights in the real estate sector so that they can act as leaders and advocates on such issues. [7]

Support to students' Real Estate Associations AREA-Uganda in effort to promote the profession through academic institutions is committed to working with students through their associations like the Makerere University Business School Real Estate Students Association (MURESA) which works closely with AREA-Uganda to link students to the business community through Internships and job linkages.

Membership

As of January 2014, the Association had nearly 300 members and more than 1,500 affiliations and connections nationally and Internationally. [8]

Categories

AREA Uganda consists of four Membership Categories, that is: (a) Corporate Membership for all real estate agencies and management companies; (b) Individual Membership for all persons practicing or interested in real estate at an individual level; (c) Associate Membership for real estate developers, mortgage practitioners, architects, appraisers, academic institutions plus all other related professions and (d) Student Membership for persons pursuing real estate education. [9]

Representation

The association is represented at the board of Private Sector Foundation Uganda, where the AREAU chief executive officer sits on the audit committee. The association is also represented on some of the committees at the Uganda Ministry of Lands, Housing and Urban Planning where the association’s President and Publicity Secretary are representatives.

The association is also represented at the Property Price Index Survey, conducted by Uganda Bureau of Statistics and the Bank of Uganda. [10] [11]

See also

Related Research Articles

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References

  1. Agaba, Vincent (29 August 2011). "AREA Uganda: A Young But Accomplished Association". International Real Property Foundation (IRPF). Retrieved 28 November 2014.
  2. Luchini, Sylvia (16 October 2014). "Chicago Welcomed AREA Uganda President". International Real Property Foundation. Retrieved 28 November 2014.
  3. "IRPF Celebrates 20 Years of Success In Establishing International Real Estate Prosperity". National Association of Realtors (NAR). 19 October 2012. Archived from the original on 5 December 2014. Retrieved 28 November 2014.
  4. "Ensuring Home Ownership for Ugandans by Empowering Women". Women's Council of Realtors. 1 September 2012. Archived from the original on 10 October 2014. Retrieved 28 November 2014.
  5. "About Multiple Listing Service Uganda". Multiple Listing Service Uganda (MLSU). 2014. Archived from the original on 1 November 2014. Retrieved 28 November 2014.
  6. "Trainings And Courses". AREA Uganda. 2014. Archived from the original on 9 October 2014. Retrieved 28 November 2014.
  7. "Women Access to Land Project". Association of Real Estate Agents Uganda (AREAU). 2014. Archived from the original on 9 October 2014. Retrieved 28 November 2014.
  8. "AREA-Uganda Accomplishments of 2013". International Real Property Foundation. 27 January 2014. Retrieved 28 November 2014.
  9. "List of AREA Uganda Registered Members". Association of Real Estate Agents Uganda. 27 January 2014. Archived from the original on 9 October 2014. Retrieved 28 November 2014.
  10. Rupiny, David (3 August 2012). "Government Collects Data On Real Estate Industry". Uganda Radio Network. Retrieved 28 November 2014.
  11. Businge, Julius (29 November 2013). "Real Estate Blues Real". The Independent (Uganda) . Archived from the original on 8 October 2014. Retrieved 28 November 2014.